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Home My WebLink About2216 . 3. To place and continaously keep on Ihe bui:ding~ now or here+fte~ situat~ o~ sa~d tand and on alt eauipment ~nd perwnally covtred by thit mort~- ~ge, w~th all premiums therea? pa~d ~n full, fire i~surance in the vsual irandard po~~cy form, in a ium approred by the MUR~GAGEE, and wind~twm insurance in the usual s+anda.d pol~cy fam, in a sum appioved by ihe MORTGAGEE, in such c«npany or canpanies as the MORTGAGEE may direct; ~nd all firs and w~nd~torm i~suronce pol~ues on any of said bu~ld~ngs, any interesi ~herein or pa~f thereo(, in tAe aggrega~e sum afo~esaid o~ in txceu lhereof, shall contain the usua: standard mwtgagee clause o~ such othe~ cla~sr as fhe Mortgagee may require, making the loss under sa~d poli- cief, each and every, payabfe ta said MORTGAGEE as its interest may appear, and each and eve~y su<h poiicy shalt tx promp~lv a:s gnrd and detivered to any held by uid AAORiGAGEE as (urther security to sa~d mortgage deb~, and, not less than ten (10) daYS in adva~xe of ~he expira~~cn of each policy, to de live~ to said MORTGAGEE a renev.•al thereof, loge~her with a rcceipt for the premwm of such renewal; and there shall be no iire or windsto~m intv~ance placed on any of said build~ngs, any iMeresl therein w part thcreof, unless in the form and wifh the ~oss payable as afo.esaid; artd in the event any :um of money becomes payable unde+ such polity o? policies said MORTGAGEE shall have ~he opt~on to ~ec_ive and apply the same on account of the indebted- neu secured he~eby or ro permit asid MORTGAG0~25 fo rrceive snd use it a any part thrreof for o:n~•r purposr:, v.~+hout uur.ur w.:~~~~3 or unpair- iny any eq~ity, I~n? or r~ght under or by virtue of this mo:'gage; and in ~he event sa~d MORTGAGORS shall fw any reason fail to keep the sa~d p~emisrs so insured, w fail !o delive~ promptly any of said pol~cies of insurance to sa~d MORTGAGEE, or fait p:omptly to pay fuily any pre~n~u~n there+or w in any respect fail fo pe~form, d~scharge, execute, effect, tomp~ete. canp:y with and abide by this covenam, a any pa~~ hr~eof, sa~d MOR?vAGEE +nay place and pay for such insurance o~ any parf thereof without waiving a affecting any op~ion, lien, cqu~ty, or r~gM under or by virtue of this Mortgage, and thc full amouM of each and every such paymem shall be im~nediately d.ie and payable and shali bear interosf from the date thereoF until paid at the rale ol n~ne per cemum per annum and to~rther vvirh such inrerest shaf~ be secured by the tien of th~s mortgage. 1. To permit, commit ar suffer no waste, impairment ot deteriurat~on of said property or any part thereof. ' 5. To pay all and singular the cosls, charges and exppnses, indudmg a reasonaole a!torney's fee and costs of abstracts of titte, incur~~d or paid at i any time by said MORTGAGfE, because a in the event of the 1a~lure or: the part of the said MORiGAGOR to d~ly, pro~nptly and ~~~iy prrforrn, d~~charge. execute, effed, complete, comply w~th and ab:de by each and every the st~pu~anons, agrre~nen~s, condi~~ans, and covenants oi sa~d p~on,issory note and this mwtgage sny or either, and u~d costs, charges and expenses, each and every, shall be immediately dve and payab~e; whe:her or nof there be no~~ce dr mand, sifempt to collecl or iuit pend~ng; and the full amount of each and every wch paymeN sh;ll bear intcresl t~om the date thereoi until paid at 1he rate oF nine per centum per ann~rn; and a~l said cofts, charges and exprnses frxurred a paid, ~ogr~her w~th such mterest, shall be setured by the I~en of thia mwtQaye. 6. That (a) in the event of any breach of this Mortgage w default on the pa~t o1 the MORTGAGOR, or ;b) in the event any of sa:d sums o( moneY herein referred to be r.~t promptly and fu~ly paid wirnin th:rty ~30) deys nexf a~~er ihe s~~ne ae+~e~a:ly beco~ne d~e and payable, w;ihout demand or notice, or (c) in the event each and every the atiputations, agreements. cond~tions and covenants of sa.d promisso~Y note a~~d ~h~s mortgage any w either are nol ~uly, promptly and iully perfw~ned, d:schargrd, exacuted, effected, completed, compl,ed w~~h and ab~d~•d Sy, then in e:ther w any such avent the sa~d ag gregate sum menteoned in said promnsory nore then remaining unpa~d, with mteres~ acc~urd, and a.i rnoneys setur~! hereby, shall become due and pay- able futhwith, or thereafter, at the oprion of said MORTGAGFE, as fully a~d complete~y as it al( of ~i+e sa~yco~nl'of monay were onginally st~pulated to be pa+d on such day, a~ything in sa.d prom~sswy note ar in th;s Mwtgage to ~he con~-ary nor,vrths~and~ng; and th~reupon or thereafter at the opt~on of sald MORTGAGEE, without not~ce o+ tiemand, suit a1 law or in e~uity, the~eiore.oc Ihe~eaiier begun, may be prosecutrd as if alt moneys secured hereby had matured pnor to ~ts instituno~. 7. That in the evenl that at Hx beginn~ng of or at any !ime pending any su~t upon this Mortgage, w to forectose it, or to ~e~orm it, or to enforce payment o! any cla~ms he+eunder, ~aid MORTGAGEE shall apply to the Cour~ havmg ~.;nsd ctlon ~hereof for ihe appomtment of a Receiver, such Cour1 shall iocthwith appo~nt a recei~er of said mortgaged prooerty all and singular, inciud.ng -aN end s~~~y~iar ~he income, profns, iss..es and ~eve~ues from whatever seur~e derived, each snd every of wh~ch, it being expressty underatppd, is hereby mor~gaged as if spec~fi:aily se~ for~h and dexribed in fhe graroing a~d habendum clauses FKreof, and such Recei•er shall have al! the broad ar.d effecr~ve funct,ons a~d po~.ers in anyw~se entr~sted by a Court to a Receiver, and e~ch appointment shall be made by svch Court as an admitted eq~ity and a matter of abso~urr r,gAt to said MORIGAGEE, snd wirhou~ referen~e to the a~equaq a inadtquacy df ~he value of the properq mortgaged or to the so.vrncy or inso:~ency of sa~d MORiGAGOR or the defendants, and that svch rents, profits, income, isyres 6nd rsvenues shall be app6ed by such Receiver aicwd~~~g to the iien w equity of sa~d A10RTS'iAGEE and tht practice oI wch Ccurt. ! 8. To duly prMi~t}Y~ ftdl~f perforFi, dixharge, execute, effect, comp~ete, comply w~th a~x! ab~de by each and every the stiputations, agreements, conditions and csvd!~!?li~.~l.Q[qr?i~sorr ~ote and fhis mw~gage set fwth. 4. Thst_is~ ~ `ro~itilnhi~ bf'the morfgaged premises, or any part thereoF, becornes vested in a person other than ihe MORTGAGOR, the MORTGAGEE,-,d?.`~ i'~ ~ ~~_rya~ r~ wilhout.~fohce to the MORTGAJR, deal w~th such successw or wccessor in interest wlth retere~ce to thia mortgage Nlt ~.~~d~~/~, 'In~atit s).M manner as with Mortgagor without in a~y way vit:ating Ot d~scharging the Morgagors' liability here- ~ndN o~ Vp~qM ~~~R~~~~ ~~No-~af4.Qf:the premises hereby mor~gaged and no forbeara~~ce on the part of the MORTGAGEE w its successors or asiyq s r3t11 ~ of th~ debt hercby secured qiven by the MORIGAGEE or its successora w au~gns, a~wlt operate • ro relessf, ,1~iab~dlsi Of tne NtORTGAfiOR hete~~, either in whole or in part. . 4~! . Ji! ` :al:~_elsence of this contract and that no waiver of any obl~gat~on hereunder a of the obtigation se- ~ ` c~red '1~1~~ ~ ? J~(~, ~ wairtt of the terms hereof w of ihe instr~mertt secured herby_ .ii . ¦ j ~ ~l~:,ln~, L~'pa;r~nb of princ paf and inreresr requ~red by the prom sscry nore secuied hereb~, mortgagor covenants S ~ and agt~~~a ' ~ jr_~tY~~xnt ao add~:~onal sum es~ ated b/ mortgagee to be eqval to 1: 12 of t:~e an;wal cost of the foifow- ~ Inqc ~ .S°' ~ • ~ - ~i f 1 + " it ~ T ~ . N'~~~~'{ . ~ agai~st the above dezcribcd rcal estate. ~~S~~t- ~ ~ i ~feep~v~s•Dn~~p_s?id-_y+te~d "~filr~te as herein requ:red to be carried cn the ;mprovements s~tua:e on thr above dssvibed premises. 1 ~ C=Pr~i»iurt~i.bii-sytR ~.~a; ~~y irtsurance as mortgagee sha~~ from t ne ro tim~ dcem fit to carry on the loan secured hereby. ~ Nbttgagec sha~1 ftom~ fi~ T~i~~riotify martgagor ~n wr~t~r.g of the a~no~M due a~d paYaofe he*eunder and such su:n shail thereurron be due and ' ~ ,ayable on the due date~of the~~nf~ n~qntF~:y payment and each success~ve rromh thereaffe~ ucti! mortgagee shall not~fy mortgagor of a change in svch ~ ~ a~ount. Such wms sFa~l bB applild'by mottgagee toward the pay~nent of real property taaes, +ns~rancr prem:~ms, and mortgage guaranfy insurence ~ ~ p~emiums. • ? ~ IN WITNESS 'NHfREOf. t}~ sai~ MORTGAGOR has hereunto set his har.d and seai the day and year first aforesaid. ~ Signed, Sealed and delivered in the p~eunce of: ; ~ ~ ~ _ i nes5 ~ ~C' an . MaCLeod ~a~~ ` ~ ~ Wi ess 1~ ~~ean . acLeod ~~i~ The Commonwealth of Massachusett~s ~ couNr:'bF Norfork ~ ~ Before me penonaliy appeared Allan D. MaeLeod and ~ .7CdT1 E~ MaeLeod his wife, to me wel! k~own and known to me to be the individuats descr~bed in and vlho eaecuted the fwegang instrument, and acknowledged before me that they executed the same fw the purposes ~ therein expresud. And the said Jeatl E_ MaCLend wife of the said - All~l1 D. MaeLeod _ upon a separate and private e.amination by me taken separate a~d apart from her said husband, acknowlydged to and bel re me that she exec~ted said instrument freely and voturr rar~ly aM1 w~thout ~ny compuls~on, ccnsirai~t, apprehens~on, or fear of or From Fxr id husb d. WITNESS my hand aod offiual seal th:s__- r~- day of A. D. 19z~ ~ - Nolary Public in and fqr iha ~A~~1'~e M Comm~ssion ea a~ e ~ y ~i/~~ (.Q+ 1"9 P~'eommonwea 1 th x„a Rltutrl TO: ~-a~~u '•r~tyOf ~c• First Feder~l Savin s 3 loan Asso:iat;on ~v a t g '.ti w• 8~~'sie~Chusetts Of For~ P.e~ce ` Q~~' Q1REv J; Fort Vierce. Floride ~`~1Tt~'`~* srs ~ ~ ~ ~ i ~~~~1~`•~ t0 ~ ~ ~'~i J i - - ~ r~: CR t~'--~ "•3~'.. la ' Y••'•~ ~ t .t. - This Instrument Prepared By : J' n~ 6~~: , Richard K. Kayes : ~F • ~ • ~ j ~~u First Federal Savings b loan Association ' ~ t ~ of Fort Pierce ~~l/,?•~~ E•~~ ~ - ao~K190 ~'~l.z ~ ~ '~Y Checked By $r{`4 `i~ . ~ y'C-'_ . . . ~ . : . ~ ~ ~ ~ . . ~ ~ ,F: r^ ~e_ . ~ . . . _ _ _ _ . . . v_ . _.x '''-_~z